# economic impacts
Latest news group about economic impacts.
Employers’ Association Criticizes Minimum Wage Increase
A significant wage increase could result in mass layoffs, fewer new job opportunities, and diminished competitiveness in global markets.Business Dec 2, 2024 | 8:46 am
Apindo Warns of Economic Impact from 6.5% Provincial Minimum Wage Increase
Apindo seeks clarification from the government on the 6.5% increase in the Provincial Minimum Wage (UMP) announced by President Prabowo.Business Nov 30, 2024 | 1:43 pm
Indonesia Braces for Impact of Trump’s Potential Trade War
Donald Trump’s re-election as US president and his renewed focus on protectionist policies could stifle global economic growthBusiness Nov 30, 2024 | 11:46 am
VAT Hike Could Hamper Economic Growth: Analyst
The VAT hike could backfire, negatively affecting both purchasing power and living costs.Business Nov 20, 2024 | 5:21 pm
Automotive Industry Gives Cold Shoulder to VAT Hike
A Toyota executive said the belief that a tax hike will automatically increase revenue may be misleading.Business Nov 19, 2024 | 7:24 pm
VAT Hike Will Hamper Exports, Increase Unemployment: Indef
The VAT hike would trigger a series of adverse effects, including rising living costs, inflation, and weakened purchasing power.Business Nov 17, 2024 | 7:07 pm
Entrepreneurship Ratio Doubles During Jokowi’s Tenure Despite Pandemic Setbacks
The SME Ministry achieved a 3.35% entrepreneurship ratio from Indonesia's 149M workforce, doubling since Jokowi took officeBusiness Oct 16, 2024 | 2:10 pm
What Are Carry Trades and How Did They Contribute to This Week's Global Market Mayhem?
Carry trades involve borrowing at a low cost in one currency to achieve higher returns from investments in another currency.Business Aug 6, 2024 | 7:42 pm
China Targets Europe's Farmers, Not Its Automakers, in Response to EU Tariffs on EVs
China could have slapped a 25% duty on imports of gasoline-powered vehicles with large engines in the name of combating climate change.Business Jun 18, 2024 | 7:11 pm
Bank Indonesia Defends Strategies as Rupiah Hits Lowest Point Since the Pandemic Era
Bank Indonesia (BI) believes the rupiah's performance remains relatively strong compared to other countries.Business Jun 14, 2024 | 2:30 pm
Government Role in Tackling Disruptions in Global Value Chains
GVCs have enabled countries to make the best use of their resources by trading in goods where they have a relative advantage.Opinion Jun 12, 2024 | 12:27 pm
Indonesia Braces for US-China Trade War Fallout
US-China trade war could have adverse effects on Indonesia, which is a trading partner of both the US and China.Business Jun 6, 2024 | 12:47 pm
Palm Oil Industry Transforms Pasangkayu into West Sulawesi’s Economic Powerhouse
Pasangkayu became a separate regency from Mamuju in 2004 and changed to its current name from formerly North Mamuju Regency in 2017.Business May 15, 2024 | 4:13 am
Bata Shoe Factory Shuts Down After 30 Years, Jokowi Reassures Economic Resilience
Footwear company Sepatu Bata announced the closure of its factory in Purwakarta after 30 years of operationBusiness May 7, 2024 | 12:16 pm
BI's Rate Hike Sinks IDX, Investors Worry About Credit Slowdown
IDX opened Thursday with Composite Stock Price Index down to 7,176, touching 7,132 after Bank Indonesia raised the BI rate to 6.25%.Business Apr 25, 2024 | 12:33 pm
Rupiah Volatility Drives Indonesia's Foreign Debt Increase
Bank Indonesia (BI) reported that Indonesia's Foreign Debt (ULN) stood at $407.3 billion in February 2024, showing a 1.4 percent increase.Business Apr 19, 2024 | 1:57 pm
Kadin's Anindya Bakrie Addresses Geopolitical Concerns at ICC Paris
Kadin Advisory Board Chairman Anindya Bakrie says Indonesia's economy strong amidst global challenges like the Middle East crisisBusiness Apr 18, 2024 | 2:28 pm
BI Expected to Raise Interest Rates in Response to Weakening Rupiah
Bank Indonesia (BI) is anticipated to increase its benchmark interest rate by 25 basis points as rupiah slids to Rp 16,000.Business Apr 17, 2024 | 3:44 pm
Subsidized Fuel Increase a Last Resort Amid Iran-Israel Tensions: President's Staff Office
Edy Priyono said increasing subsidized fuel prices is the last resort option amidst global oil price concerns.Business Apr 17, 2024 | 10:56 am
IDX Slides 2 Percent as Geopolitical Conflict Rattles Market Confidence
The IDX attributed the subdued performance of the index at the start of the week to the escalating geopolitical tensions in the Middle EastBusiness Apr 16, 2024 | 2:30 pm
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